Dallas, TX, August 1, 2014—International Risk
Management Institute, Inc. (IRMI), has released the third edition of
Captives and the Management of Risk, an insightful
guide to the captive insurance alternative that provides a foundation of
captive insurance expertise.
Captives and the Management of Risk is designed to help newcomers
and risk finance veterans alike understand the pros and cons of captives and
apply proven concepts for strategic success. This comprehensive resource breaks
down the complex topic of captives, revealing the types of risk that can be
handled by captives, why captives can be effective, tax and accounting
considerations, how to determine if a captive is feasible, how to choose a
domicile, and how to manage and operate a captive.
“I wrote this book to capture everything that I wish someone would have told
me when I first entered the captive industry,” says the author, Kathryn A.
Westover.
The third edition of Captives and the Management of Risk provides
captive owners and users information on a range of developments in the
operating environment of captives over the last 10 years. An important focus is
how the regulatory environment for captives has changed since the issuance of
the Government Accountability Office (GAO) report on the regulation of risk
retention groups in 2005 and the passage of the Dodd-Frank Wall Street Reform
and Consumer Protection Act in 2010. Equally important are developments in
accounting standards and the perennial question of how tax authorities treat
captive insurance, in particular, the income earned in captive cells, and
captive pools.
There is an expanded section to help explain the ways in which the
Affordable Care Act (ACA) can impact the value of captive insurance as a way of
financing employee benefits. Lastly, there is an update on the market for
insurance linked securities, with a discussion about whether there is a
potential role for captive insurance in this ever-growing area.
If you subscribe to Captives and the Management of Risk online, you
now have access to the third edition. If you do not subscribe, IRMI Online
access for Captives and the Management of Risk is $39.50 for individuals or $79
for small businesses. Print copies are available at $79 each. Click here for more information, or call (800)
827–4242.